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You are a broker at an investment advisory firm. You and your client disagree on investment decisions he wishes you to make on his behalf You feel that these investments fall outside of the client's
How does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter? English is becoming the usual language for international transactions, even i
Using the total revenue test for elasticity, when there is a direct relationship between price and total revenue the demand is elastic.
How much more profit do they make per customer by following the consultants advice than their current method of selling the service?
a) Draw a scatter diagram. Let the rankings by males be X. b) Compute the Spearman's rank-order correlation coefficient. Interpret
Ecomonic incentives were at the heart of westward expansion across North America in the late 18th centuries, so let's apply some economic ananlysis to the situation.
Who is obtaining the economic rent for the obviously lucrative pushcart location? How much economic profit is the pushcart owner probably earning?
Who is obtaining the economic rent for the lucrative push cart location? How much economic profit is the push cart owner most likely earning?
You have a price weighted index made up of two stocks, A and B. The price of A equals $30 and the price of B equals $70. What is the current value of this index?
The average time per cycle was 10.40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125 percent. Assume an allowance of 16 percent of job time. Find t
Question: If GDP is increasing by 3% per year how long will it take GDP to double? Given the same conditions how long will it take Per Capita GDP to double if the population grows at 2%?
1. Compute the quality-productivity ratio (QPR) 2. Compute the QPR if the company increased the production rate to 320 phones per week while reducing the processing cost to $42, reducing the rework
Question: How can tax cuts help revive the economy? Explain. Your answers must include fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand, etc. You must use at least one art
Use ECONOMIC ANALYSIS to predict the effects of handgun laws on the behavior of the typical criminal. In particular: (1) Do you think criminals will commit more or fewer robberies in the states with
If the government were to make university attendance mandatory and subsidize tuition costs with tax dollars, how might this affect a nation's economic growth?
a) What is the best way to measure a firm's performance? Why? b) Why do managers need to understand the difference between economic profit and accounting profit? Provide an example of economic vs.
I like that some OTA help me to find all of the Pros and Cons of making the decision to purchase a new car. We need to think about macro & microeconomics and any other psychological, sociologica
How would you characterize the elasticities of demand and supply in the retail electric power market? Why?
Graph and calculate the equilibrium price/output solution. Use this graph to help you algebraically determine the amount of producer surplus generated in this market.
Q1. Should Delta replace its old transformers? Q2. What is the expected cost per transformer, under the optimal replacement strategy?
In May 1996, two Clemson University economists came out with a report that argued that by removing legal restraints on competition between electricity producers, federal and state governments could
Having been trained in Managerial Economics, you are familiar with production functions, isoquant and isocost analysis, and other tools of microeconomics. How can you use these tools to decide the b
Please describe in your own words. Question: How does monopoly differ from perfect competition?
Choose one industry with which you are familiar. Draw a graph of this market in equilibrium. Give two examples for the industry of conditions which would change supply and two that would change dema
Airline fares are higher in summer than in winter. Some railroads charge lower fares during the week than on weekends. Electric companies charge consumers lower rates the more electricity they use.